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Richardson Residential Home Sales For February 2016 Are Lower 11.1%

By
Real Estate Broker/Owner with DFW Team Realty
February 2016 Real Estate Market Summary for Richardson, TX (MLS Area 23)
  Month Year to Date
  2016 2015 % Change 2016 2015 % Change
Closed Sales (Reported) 90 80 -11.1 176 143 -18.8
Closed Sales (Projected) 90 90 -0.1 176 153 -13.1
Listings Under Contract 106 110 3.8 216 198 -8.3
Average Sales Price $219,662 $238,582 8.6 $207,717 $224,626 8.1
Median Sales Price $213,500 $228,000 6.8 $200,250 $220,000 9.9
Percent of Original Price Received 96.9 97.7 0.8 96.2 97.3 1.1
Days on Market Until Sale 35 37 3.8 38 35 -7.5
Inventory of Homes for Sale 125 115 -8.0      
Months Supply of Inventory 1.1 1.0 -12.6      

This month the number of homes sold showed a fall of 11.1% in contrast to the same time of year 2015, with 80 sold total. There were 143 properties sold year to date, and this was a down-slide of 18.8% from last year. The number of projected property sales in Richardson this month dropped 0.1%, with 90 projected property sales total this month. There was a fall of 13.1% in projected houses sold year to date. There were 153 projected houses sold this year. New listings this month was higher 19%, with 125 new listings this month. Year to date the number of new properties for sale in the market in Richardson showed a growth of 1.8%, with 221 newly for sale total this year. There were 110 housing units listed under contract this month, which was an increase of 3.8% from last year. Year to date the number of listings under contract in Richardson saw a dip of 8.3% compared to 2015, with 198 listed under contract total this year. In February 2016 there were 1.0 approximate months supply of real estate inventory in Richardson, which was a slump of 12.6%. In Richardson there were 115 homes for sale in February 2016, which was a slump of 8%. The number of days on market until sale in February 2016 had an improvement of 3.8% from 2015, with 37 days total. This month in Richardson the total percent of original asking price received saw an uptick of 0.8%, with 97.7 percent of original asking price received this month. The number of percent of original asking price received in Richardson year to date saw an increase of 1.1%, with 97.3 percent of original asking price received total this year.

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